Archive for July 7th, 2009

Johannesburg, July 7 (I-Net Bridge) The JSE ended firmer on Tuesday but, with little in the way of fresh news or data to provide any real direction, it was generally a lacklustre session for local… »

The outspoken Swiss investor talks Bernanke, inflation, gold, and the art of printing money.
Founder of GloomBoomDoom.com, Marc now lives in the East, and is bullish of the region. BUT, in one of his latest pieces, he questions the enthusiasm of investors for China, and sparks a debate that challenges the conventional wisdom that so often… »

Goldcast chats to a leading gold fund manager from Switzerland about the prospects for our favourite… »

Industrial action is threatening to cast a pall over 2010 and threaten any hope of an early economic revival. We discuss the rights and wrongs with Dawie Roodt, Chief Economist at the Efficient… »

Johannesburg, Jul 7 (I-Net Bridge) - Indian capital market regulator, the Securities and Exchange Board of India (SEBI), said on Tuesday that South African telecommunications group MTN and its shareholders would be able to buy a 36% stake in Bharti Airtel through global depositary receipts… »

South Africa’s government recorded a cash flow surplus of 3.211 billion rand in the third month of the fiscal year with the standout feature being an extraordinary receipt from Telkom’s sale of a 15% share in Vodacom to Vodafone…. »

The Dow Jones Industrial Average looks horrible.

The first graph is a neat synopsis of the recent troubles, and visually illustrates that all we have at the moment is a bear market rally from an extremely oversold… »

House prices and the wealth effect
Home discomforts

Jul 2nd 2009
From The Economist print edition
Brighter data on house prices may not signal a surge in spending

AFTER a long winter, spring brought a touch of sunshine to American house prices. The latest Case-Shiller indices, released on June 30th, showed that prices continued to fall in April: the ten-city… »

Corporate bankruptcies in America
The boom in busts

Jul 2nd 2009 | NEW YORK
From The Economist print edition
Bankruptcies are at near-record levels

IT IS not quite the Armageddon that was being predicted in the weeks after Lehman Brothers became America’s biggest corporate bankruptcy last September. But this recession is still on course to be second only to the… »

Global stock markets could crash in October, as by then it will be clear that the economic recovery many people pinned their hopes on will not materialize, the stimulus option will no longer be a viable one, and proprietary trading desks will decide to go short, economist and investor Enzio von Pfeil, CEO of EconomicClock.com,… »